SPYR Highlights Strategic Growth Initiatives for the Current and Future Quarters

DENVER, June 6, 2017 /PRNewswire/ -- SPYR, INC. (OTCQB: SPYR), a holding company with a wholly owned subsidiary in the mobile game & app development and publishing industry, highlights its significant growth initiatives:

    --  Core Business - The Company has built a strong foundation with a solid
        management team in place. The addition of new games is ongoing as we
        work toward achieving our ultimate goal of becoming a company with
        short-term, mid-term, and long-term games of varying genres within our
        portfolio.
    --  Hollywood Intellectual Property (IP) - We have been working toward the
        integration of well-recognized and respected Hollywood IP into our
        flagship free-to-play game, Pocket Starships, which will give the game
        broad brand recognition and additional exposure; we anticipate reporting
        to our shareholders on this subject in the very near future.
    --  Esports - Many current modifications to Pocket Starships are related to
        our plan to capitalize on the growing esports market, which continues to
        grow at double-digit rates annually.
    --  More Games Coming Soon - We are regularly exploring opportunities for
        new publishing deals and games. Just two weeks ago, CEO & President,
        James R. Thompson, and VP of Strategic Partnerships, Mike Turner,
        attended the Las Vegas Licensing Expo 2017, where they had productive
        meetings with many IP holders (Hollywood and otherwise) looking to
        integrate their IP into mobile games. They are in the process of
        following up on those meetings and have already begun to exchange
        initial documents to allow negotiations to proceed. Moreover, they will
        attend 2 games industry conferences in June, namely, the E3Expo
        (www.e3expo.com) in Los Angeles and Pocket Gamer Connects
        (http://www.pgconnects.com/sanfrancisco/) in San Francisco.
    --  Management - Our management team boasts some of the most diverse and
        well-respected names in the gaming industry - Farshid Almassizadeh, our
        Chief Strategic Advisor and former EA Executive, and Mike Turner, our
        Vice President of Strategic Partnerships and a former VP at iDreamSky,
        have been aggressively pursuing new gaming opportunities for SPYR and we
        expect that we will see the benefits of their efforts in the coming
        quarters.
    --  Acquisition and Joint Venture Agreements - Acquisition and Joint Venture
        Agreements are time consuming and tedious to find and close, but the
        precise, strategic selection of the correct acquisition or joint venture
        can change the complexion of the company. The management team and Board
        of Directors of SPYR is acutely aware of the key acquisitions and Joint
        Ventures that will strengthen SPYR on both revenue and integration
        fronts. We anticipate reporting these developments in the coming weeks
        and months.
    --  Stock Dividend / Spin-Off - The Company has filed all of the paperwork
        required to date to move forward with the stock dividend to be
        distributed to the shareholders of record as of May 19, 2017. In our
        June 1, 2017 press release, we outlined the steps on how shareholders of
        record on this date can receive their dividend.

By building the strong foundation it has, we believe the Company's long-term growth strategy can be attained and sustained. We expect the dividends to our shareholders to be significant in the future. We believe the current growth in esports will present substantial growth opportunities, thus poising SPYR for continued and sustained growth in the coming quarters.

About SPYR

SPYR, INC. is a holding company that through its wholly owned subsidiary SPYR APPS, LLC, is engaged in mobile application and game publishing and development. The Company is currently exploring opportunities for additional acquisitions in these and other verticals, in order to expand its holdings, to drive and increase revenue and to generate profits and build value for shareholders.

Safe Harbor Statement:

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov, as well as SPYR's website located at http://www.spyr.com, and SPYR's community channel on Twitter located at https://twitter.com/spyrinc.

Investor Relations Contact:
Marlin Molinaro
Marmel Communications, LLC
(828) 669-0616
mmolinarofc@aol.com

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SOURCE SPYR, INC.